VLCCF - Knightsbridge Shipping Limited and Golden Ocean Group Limited agree to merge - Seite 4

Forward Looking Statements

Matters discussed in this press release may constitute forward looking statements.  Forward looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

Words, such as, but not limited to "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward looking statements.

Forward looking statements include, without limitation, statements regarding:

· The effectuation of the transaction between Knightsbridge and Golden Ocean described above;
· The delivery to and operation of assets by Knightsbridge;
· Knightsbridge's and Golden Ocean's future operating or financial results;
· Future, pending or recent acquisitions, business strategy, areas of possible expansion,
and expected capital spending or operating expenses; and
· Dry bulk market trends, including charter rates and factors affecting vessel supply and
demand.

The forward looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination of historical operating trends, data contained in records and other data available from third parties. Although Knightsbridge believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of Knightsbridge, Knightsbridge cannot assure you that they, or the Combined Company, will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that could cause actual results to differ materially from those discussed in the forward looking statements, including the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Combined Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Combined Company's vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off hires and other factors. Please see our filings with the SEC for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and Knightsbridge disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.